2007 News Releases

Vandegrift Re-Appointed
to Dallas Fed’s San Antonio Branch Board

DALLAS—The Federal Reserve
Bank of Dallas has re-appointed Steve Vandegrift of
Austin to serve on the Dallas Fed’s San Antonio
Branch board of directors for a term ending Dec. 31,
2009.

Vandegrift is founder and president
of SRV Holdings, an investment company. During his 25-year
operating career, Vandegrift was managing director of
Techxas Ventures and helped start Activerse, where he
was president and CEO. He is co-founder and board member
of Fusion Mobile Inc. and also founded the Grindstone
Group. Vandegrift has held management and information
technology positions at two divisions of Chase Manhattan
Bank.

Vandegrift has served as chairman
emeritus of the Austin Software Council. He also has
been a member of the board of directors of the Greater
Austin Chamber of Commerce and Texchange and has served
on the executive committee for the American Electronic
Association.

The San Antonio Branch board consists
of seven members, four appointed by the Dallas Fed board
and three by the Federal Reserve Board of Governors
in Washington, D.C.